Cryptocurrency asset management company Mudrex has announced the launch of its new investment vehicle Coin Sets.
The new offering allows investors to diversify their portfolio of assets among a range of high-yielding decentralized finance (DeFi) assets, as well as non-fungible tokens, or NFTs.
The niche financial model encourages the distribution of risk exposure in what is often considered a volatile market, allowing investors to bet on the value proposition of an entire sector, rather than the individual potential of a single asset. The asset basket is also rebalanced monthly to recalculate risk and opportunity for investors.
It is reportedly the first time such a product has been released to the retail market, Unlike mutual funds with a similar design and functionality that are exclusively aimed at high-net-worth clientele and institutional-grade investors.
Launched in January 2018, the San Francisco-based organization is experiencing a moment of expansion, registering more than 40,000 users and more than USD 15 million in assets under management (AUM).
In April 2020, the firm launched a digital asset trading platform titled Mudrex Invest, designed to provide automated professional trading services to regular individuals.
On August 10, it was announced that the company had received an initial financing of USD 2.5 million orchestrated by Nexus Venture Partners, with the additional participation of people like Village Global and Kunal Shah, among others.
The recent acquisition of funds is expected to contribute to the expansion of the firm’s operating staff, in addition to the deployment of more products and services.
Cointelegraph spoke with the Mudrex co-founder, Edul Patel, who commented on the target audience identified for the launch of the new product:
“The demand for a simple to invest product like Coinsets is so universal that we have a lot of interest from all demographic groups. The product is especially attractive to newcomers to the world of cryptocurrencies, who are quickly overwhelmed by the overload of information on this asset class. “
What’s more, Patel revealed an innovative aspect of the Coin Set product that encourages a self-assembly approach to wallet creation, in addition to reporting that one of the largest portfolio management systems in India, MintingM, has used the model for its flagship product “xMINT !.
“A very cool feature that we have enabled is to allow professional traders / creators and influencers to build their own Coin Sets and distribute them to their own communities to unlock wealth creation for the topic.”
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